Chevron looking to sell its 50% stake in its Kitimat LNG project
Lower long-term prices for oil and natural gas will reduce the value of its assets.
Chevron Canada Resources slashing 130 jobs
Cuts amount to about 20% of the company’s workforce of more than 600 full-time employees.
Chevron Canada sells 30% stake in Duvernay for US$1.5B
The investment is Kuwait Foreign Petroleum Exploration’s the first in North America.